Menu
MYOB buys into online POS startup

MYOB buys into online POS startup

Accounting software giant nabs a minority stake and partners for software integration

Accounting software vendor, MYOB, has invested in a minority stake in point of sale (POS) start-up, Kounta.

Neither party disclosed the value of the agreement. Whether the buy-in will lead to a future takeover is unknown, with MYOB declining to confirm or deny the matter.

MYOB has also partnered with Kounta to develop integrated software which will see the latter's multi-platform software (including iOS and Android-based tablets, Mac OS and Windows) integrate with former's Essentials and AccountRight products.

MYOB will also sell a standalone Kounta product, named MYOB Kounta.

The integrated software offerings are scheduled to hit the market later this year.

MYOB said it entered into the agreement to cement its position in the retail POS, mobile payments, and e-commerce markets, while Kounta is expected to boost its small to medium enterprise (SME) play.

"The MYOB-Kounta partnership is integral to our vision of making Cloud accounting easy for every business," MYOB connected services general manager, Andrew Birch, said.

"The partnership also reinforces MYOB's continued commitment to servicing the Australian and New Zealand (A/NZ) SME market."

Kounta's partnership with MYOB adds to existing collaborations with the likes of PayPal, Tyro, Collect Rewards, Swarm, and Deputy, among others. Its client base of more than 1000 includes Sonoma Baking Co, Gelato Messina, Mecca, and Luxe.

Read more: Intelligent Retail brings multi-channel to smaller retailers
Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags posKountavendorsoftwarestart-uppoint of saleinvestmentretailMYOBpartnershipCloudaccounting

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments